Mutual fund at the beginning of the year

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Reference no: EM131054592

You invested $70,000 in a mutual fund at the beginning of the year when the NAV was $38.21. At the end of the year the fund paid $.36 in short-term distributions and $.53 in long-term distributions. If the NAV of the fund at the end of the year was $41.32, what was your return for the year?

Reference no: EM131054592

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